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#Argentina is not helping lift the region: “The growth forecast for 2019 is revised down slightly compared with the April WEO, and the recovery in 2020 is now projected to be more modest.” 2/
As ever, #Argentina remains vulnerable to external shocks, and @IMFNews highlights a scary scenario, “a rapid deterioration in global risk appetite” provoked by U.S.-#China tensions, #Turkey financial troubles or other developments. 3/
For now, thanks to continued @IMFNews support, #Argentina could weather a “risk-off episode,” but it would put enormous pressure on the peso, undermine disinflation progress and keep interest rates crushingly high. 4/
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